Tag Archives: amortization

CMHC LOAN INSURANCE – HOW IT WORKS & HOW IT CAN BE IMPROVED

Posted on February 10, 2015 by Kim Mays

SOURCE: DAVID LAROCK In many ways, our government run CMHC mortgage loan insurance program works a bit like the typical Bank of Mom and Dad. When lenders find people who need mortgage loans and don’t have a down payment of at … Continue reading →

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CMHC CHANGES ITS MORTGAGE INSURANCE PRODUCT OFFERING

Posted on July 9, 2014 by Kim Mays

Source: Canada Mortgage & Housing Corporation As part of the review of its mortgage loan insurance business, CMHC is discontinuing its Second Home and Self-Employed Without 3rd Party Income Validation mortgage insurance products effective May 30, 2014. Self-employed Canadians can … Continue reading →

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SELF EMPLOYED? PREPARE FOR A LONG CONVERSATION WITH YOUR MORTGAGE BROKER

Posted on October 22, 2013 by Kim Mays

Source: Financial Post If you’re self-employed and about to apply for a mortgage, be prepared for some serious form-filling. Getting financing isn’t as easy as it used to be, say mortgage brokers — and for the 15% of Canadians who … Continue reading →

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UNDERSTANDING HOW TERM AND AMORTIZATION WORKS CAN SAVE YOU THOUSANDS!

Posted on April 23, 2013 by Kim Mays

Source: Home Ownership Editor & OCNA Special to Money Management Newsletter If there is one thing that confuses the public it is the difference between the Mortgage Term and the Mortgage Amortization Rate. The Mortgage Term is that period of … Continue reading →

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FINANCING A SECOND HOME

Posted on November 6, 2012 by Kim Mays

Source: Lindsay Blair, Mortgage Agent There have been a lot of inquiries about second homes and the guidelines for lending over the past few weeks, so I though I would answer that “what’s” of second home properties today! What is … Continue reading →

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